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<H Shrs>HSI Climbs 16 pts as Home Appliances, Heavy Machineries Mount; EAST BUY Dives 23%
Recommend 135 Positive 108 Negative 200 |
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The HSI picked up 16 points or 0.1% to close at 17,021. The HSCEI dropped 5 points or 0.1% to close at 6,010. The HSTECH added 22 points or 0.7% to close at 3,443. Total market turnover for the day amounted to $104.67 billion. The Chinese government's subsidy policy on the trade-in of home appliances continued to stimulate related stocks. JD-SW (09618.HK) leaped 3% to $102.3, while TCL ELECTRONICS (01070.HK) advanced 5.5%. HAIER SMARTHOME (06690.HK) and HISENSE HA (00921.HK) elevated 6.1%. FIRST TRACTOR (00038.HK) and WEICHAI POWER (02338.HK) spiked 11.7% and 12.9% after the central government raised the subsidy for the scrapping and replacement of agricultural machinery, while SINOTRUK (03808.HK) soared 18.1%. SANY INT'L (00631.HK) and LONKING (03339.HK) mounted 6% and 5.4%. EAST BUY (01797.HK) collapsed 23.4% to $9.5 on the departure of Dong Yuhui. Its same series NEW ORIENTAL-S (09901.HK) cascaded 4.4% to $54.95. AAStocks Financial News |
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